St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-09-01
THE COMMERCIAL RECORD.
There Was a Hopeful Outlook For
Wheat on the Chicago Board
Of Trade.
The Market Ruled Firm and Private
Cables Reported an Active
Business.
Transactions IN the Financial Circles OF
Wall Street.-The General
Quotations.

CHICAGO, Aug. 31.-There was more hope
full outlook for wheat to-day, and the mar
ket ruled firm. Advices were indicative OF
more strength, and private cables reported
Rn active business. 1t was rumored that
syndicate had been formed which took all
the California wheat offered in foreign mar
ketS, thus checking the declining tendency
of prices and creating more confidence.
Then again, the committee appointed to in
Vestigate the condition of wheat in Chicago
elevators reported only $4,000 bushels
which was not fit to stand the grade of No. 2,
and as the elevator firms expressed their
willingness to take this off the market, an
pther feature which has been menacing the
trade for some time was removed. This Will
leave III the neighborhood of about 10000
bushels of No. spring wheat in store
here, possibly less, including this weeks
shipments. The receipts continue fair, but
no not show any special increase in any quar-
ter. october wheat started at 7O14c, sold up
to 70$sc, and down to 70lsc, closing at the
opening figure. Corn was moderately active
early in the session, but later became more
quiet, with quotations less frequent Feel
Ing was steady for the near futures, while
the more decided deliveries, May in particu
lar, exhibited more strength. Crop reports
Considerable changing to October at sole,
and to May at 451sc premium occurred. Re
ceipts continue quite free October opened
at 41A@41$sc, sold at 41ssc and closed at
41Ssc. May opened at 44s4@447sc,
sold up to 45A@45SSc, the highest
for the day, and closed at 447sc.
Oats exhibited steady feeling and prices on
the speculative market were sSc lower for
near futures. and 1S@Ac lower for may. A
good part of the trading was in changing con-
tracts from one month to another. October
opened at 254@25Ssc, and closed at 25@
25SSc. Provisions were firmer with a better
speculative and fair opening demand. The
receipts of hogs were larger and prices were
5@10c lower. The decline did not influence
values as offerings of products were light
The near futures of lard advanced sc, and
short ribs sc; pork, 7l2c on track. Lard sold
at S6.35@ 1912, and closed at Sc. 42l2; Sep
tember S6.50@6. 52l2; January short ribs
S7.95@S; September closing at So; January
S6.32l2@6. 40, closing at $6.3712. Pork at
S12.35@12.40, closing at S12.40 January.
THE QUOTATIONS.
CHICAGO, Aug. 31.-Wheat-No. 2 August
6S14c, closing at 6SSsc; September, 6S14c,
closing at 6Sssc; October, 7OAc, closing
at 70Ac; May, T9l2c closing at 79l2@79Ssc.
Corn-No August 4014c closing at 4OsSc !:
tober, 414@41ssc, closing at 4l34c; May,
44s4@447sc, closing at 45c. Oats-No 2 Au-
gust 24s4c, closing at 24Isc; September,
24ls@244c, closing at 24Isc; October. 25A
@25ssc, closing at 25lsc; May, 3Ol2c, closing
at 304030$sc. Mess Pork. per bbl-Year,
SI1.75, closing S11:75; January, So. 50,
closing at SD. 40 Lard, per 100 lbs.-Au-
gust, $3.50: closing at S6.4o@6-42 Sep
TENDER, S6.35, closing at S6.40@6. 42l2 !;
October, S6.42l2, closing at S6.45@6.47l2 /:
January, $3.50, closing at S6.52l2. Short
ribs, per 100 lbs.-August, S795, clos
ing at So; September, S7.95, closing at
S.; October, ST.97l2 closing at SIS;
January, S6.32l2. closing at S6.37I2
Cash quotations were as follows: Flour was
in moderate demand and prices remain firm
No. spring wheat. 6SSS0 6SI2c: No. spring
wheat, TO lee; No. 2 red, 6S34@694c; No. 2
corn, 40lac; No. 2 oats, 24c: No.. rye
44l2c; No. 2 barley nominal; No. 1 flax
seed, S1.O1l2: prime timothy seed So 30; :
mess pork, per Dbl, Sl5@15.25; lard, per 100
lbs, $40; short rib sides Qoose), SIS; dry
sailed shoulders (boXed). 50. 4505 80; short
clear sides (boXed), SS.35@S.4O; whisky,
distillers' finished goods, per gal, 81 10:
sugars, cut loaf, 6$s@l 65sc; formulated, 6Ssc :
standard IA &c. Receipts-Flour, %, 600
bbls; wheat, $1,000 bu: corn, 395, 900 bu {;
OATS 297, 600 bu; rye, 1000 bu: barley, IO4-
O00 blu. ShipmentS-Flour,2 20, 900 bu; wheat
$4,000 bu; corn, $4,000 bu; oats 49,, 900
bu: rye, 1000 bu; barley, 5000 bu. On the
produce exchange to-day the butter market
was weak at 1S024c for creamery and
15@2oc for dairy; eggs were firm at 100
13l2c.